Per Retuers, SpaceX plans to fix its IPO price at $135 a share to raise a record $75 billion, selling 555.6 million shares at a targeted $1.75 trillion valuation. Companies have historically set a price range to frame expectations and let the bookbuild settle the final number. SpaceX, however, has elected to fix share prices prior to the roadshow. The all-primary offering will result in all capital proceeds being allocated to SpaceX rather than to selling shareholders. The stock is set to trade on Nasdaq under SPCX with a debut targeted for 12 June.

At $1.75 trillion on $18.67 billion of 2025 revenue, SpaceX would price at 93.7 times trailing revenue, below Rocket Lab's 118, above Palantir's 81 and Tesla's 17. However, the multiple includes xAI and X from this year's merger, so it understates the standalone launch and Starlink business. Starlink is responsible for a significant share of profits; Morningstar attributes most of its $780 billion base case to the connectivity arm. The growth case adds AI computing and orbital data centres, which SpaceX sizes at a $28.5 trillion market. A strong week of investor meetings would carry SpaceX to a 12 June debut as the largest IPO on record.

The Grimes County Commissioners Court voted 4-1 on June 3, 2026 to designate a reinvestment zone over the site of SpaceX's proposed Terafab semiconductor and advanced-computing facility near Gibbons Creek Reservoir, per S.E. Robinson Jr. on X. 

The designation renders makes the parcel eligible for property-tax relief but doesn't set the abatement percentage nor its term. Terafab pushes SpaceX's vertical integration from launch and Starlink into in-house silicon, the same consolidation thesis Musk is pricing ahead of the June 12 listing.

GRIMES COUNTY, TEXAS - commissioners are set to hold a public hearing on 3 June 2026 regarding a SpaceX semiconductor complex at Gibbons Creek Reservoir, with two hearings, one on a tax abatement and one on the reinvestment zone, plus public comment. The county notice names Space Exploration Technologies Corp. as the applicant, describes a multi-phase, vertically integrated semiconductor manufacturing and advanced computing facility about 20 miles east of Bryan-College Station, and designates the site SpaceX Reinvestment Zone No. 1 - 2026-001. The notice estimates $55 billion in initial capital investment, rising to $119 billion across later phases, well above the $20 billion figure Musk gave when he launched TeraFab in March.

Musk has previously stated the joint venture would make chips for SpaceX, xAI, and Tesla. The Gibbons Creek site carries power and water from a coal plant that ran from 1982 until 2018, which suits large semiconductor and compute loads, and Bernstein has claimed the project could cost as much as $5 trillion. SpaceX absorbed xAI in February 2026 as it consolidated AI operations ahead of the listing, so a fab commitment starting at $55 billion lands while public buyers weigh the same consolidated balance sheet. Commissioners took no action at a 7 May session and set 3 June for a decision. The county judge has stressed SpaceX still holds the final call on whether to build.

Blue Origin lost a New Glenn rocket to an explosion on Launch Complex 36 at Cape Canaveral Space Force Station on the night of May 28, six days before a launch that could have flown as soon as June 4. The static fire test destroyed the vehicle and damaged the pad. No one was hurt, and the Amazon Leo internet satellites assigned to the flight were not aboard. The mission, which would have been New Glenn's fourth, sat outside the FAA's scope of licensed activities, resulting in no mishap investigation. Blue Origin operates a single New Glenn pad, and LC-36 is now offline. Dave Limp, the chief executive, struck an optimistic note on June 2, saying the company had regained access to the site, found the propellant farm and water tower intact, and assessed the support tower as damaged but repairable in place. He set a target of returning to flight before the end of 2026. Jared Isaacman, the NASA administrator, offered a bleaker estimate a day earlier, telling CNBC that rebuilding the pad could take until 2028.

The spread between Limp's months and Isaacman's years is what matters for the manifest, and the two estimates cannot both hold. NASA has booked New Glenn for a Blue Moon Mark 1 lunar landing this autumn and for crewed lunar-vehicle launches, so any delay in that range moves those dates and weakens Blue Origin's position in the Artemis III lander contest. A single-pad operator absorbs the full cost of one bad night, with no second site to fall back on while engineers assess the support tower. Amazon has read the situation and acted, shifting weight onto United Launch Alliance and Arianespace to keep Leo deployment on schedule. The pace of the repair, more than the loss of the rocket, will set how much ground Blue Origin cedes to its rivals.

The FAA issued an environmental assessment and a record of decision for test flights of Starfall, an uncrewed SpaceX reentry vehicle, on 15 May, then publicised the documents through an FAA Space Update on 29 May, and the decision approves two Starfall reentries splashing down in the Pacific Ocean about 1,300 kilometres off the coasts of California and Mexico. It modifies SpaceX's existing vehicle operator licence, with the Pacific as the primary site and a path to as many as 10 reentries per year. The environmental finding does not grant a reentry licence on its own; SpaceX must still clear safety, risk, and financial-responsibility requirements. 

The FAA cleared an environmental gate, one step ahead of an operating licence. SpaceX described Starfall in the record of decision as a way to deliver cargo point-to-point and to build an in-space manufacturing market, framing the capsules as a "proliferated successor" to the International Space Station. That positions SpaceX in the microgravity-manufacturing lane Varda Space Industries already works, and it signals SpaceX intends to own reentry logistics itself. SpaceX had kept Starfall off the public record, and the federal paperwork now gives the programme a dated, auditable trail.